Tokenization Market Research Report- Forecast 2027

Tokenization Market, By Component, by Application Area (User Authentication, Payment Security), Deployment Mode (On-Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), By End-User (Retail, Government, BFSI and Commercial) - Forecast 2027

ID: MRFR/ICT/2315-HCR | February 2021 | Region: Global | 100 pages

Market Overview:


Tokenization is a process of turning sensitive data into non-sensitive data, and it is called tokens. Tokenization can be used to replace original data with an unrelated value of the same length of format, and it is used to make the data more secure. The technology field is emerging, and with it, new technologies are invested in creating the world a more secure place with the use of real-time tokenization payment if data security can be done via phones, laptops, tablets, and other devices. With the help of this technology, sensitive data can be replaced by a token that is isolated and secured. 


According to a study, the tokenization market has a cloud segment that is expected to grow more. It benefits so many businesses by giving data security to the customers. Nowadays, there are threats associated with your payment, and people are stealing personal data easily. In this case, tokenization comes to the rescue, this technology to giving people more security and stopping cybercrimes. With the rise of cyber threats, the tokenization market is expected to grow more in the coming years.


COVID-19 Analysis:


Covid-19 had a positive impact on the Global Tokenization Market, and the Global Tokenization Market Size is expected to grow from $1.9 billion in 2020 to $4.8 billion by 2025 post-covid. After the covid outbreak, the volume of online payment has increased drastically as people stay indoors and they use online payments for shopping. The increasing number of online payments has led to fraud activities, phishing, counter attacks. As many business organizations are dependent on online payment services, the attackers are attracted to steal sensitive and valuable money-related data. Online shopping has become more popular, and with it, the need for payment security has become important. 


Tokenization won’t allow stealing personal data, so it has become a big weapon for all business organizations. People are starting to use tokenization to make their data more secure. So, the Global Tokenization Market is on the rise. COVID-19 created a good impact on the Global Tokenization Market.


Market Dynamics:


Key Drivers of global tokenization Market


Nowadays the cyber-attacks are increasing, and with it, the need to keep data security is also increasing. Data security is one of the major drivers of the Global Tokenization Market Size, as it provides security to sensitive data by providing coupons. The covid-19 has put limitations to the use of money due to the chances of covid spreading through surfaces, and an online payment method is the best way to deal with this kind of situation. For online payment, the mobile is the leading choice of people. And with the use of online payment technology, the risk of cyber-attack is also increasing, and people are adapting to the tokenization technology to deal with it. So contactless payment is one of the major drivers for the Global Tokenization Market Growth.


Restraints in the Global Tokenization Market


The lack of knowledge and understanding about the tokens is one of the biggest restraints for the Tokenization Market Growth. People don’t have an idea about how to use tokenization because it is a new technology in the payment security system, so many people are still using the old payment security system, which is more vulnerable as compared to tokenization. Money is another restraint in the tokenization market because many organizations are not ready to spend money on new technology. But the market is growing, and the drivers are helping it to grow even with the tokenization market restraints.


Challenges in the Global Tokenization Market


There are many challenges the Global Tokenization Market face, such as making people understand the new technology. Many people are not used to this tokenization technology, and therefore they are using the same old technology for their payment, so it becomes a challenge for the tokenization market to make people understand. 


Another challenge is to face different cyber-attacks because, with the improvements of technology, the attack levels would also increase, to it becomes a challenge for the tokenization to come up with new solutions to keep the data safe.


Opportunities in the Global Tokenization Market


With the increasing rate of cyber-attacks, it is hard to protect sensitive information. As tokenization replaces the critical information with tokens, it will be hard for the attackers to steal it. Tokenization provides security to important information, so many organizations have started adapting to this technology. Tokenization has become very crucial in just a few years as online payment has been used so much by people these days, and it is creating opportunities for the tokenization market.


Cumulative Growth of Global Tokenization Market


As per the Global Tokenization Market is concerned the key players of tokenization are helping the market to meet the demand for tokenization market. These key players know how important tokenization us and they have understood the value of it. The size of the tokenization market is expanding, and it is expected to grow more in the upcoming days.


Value Chain Analysis:


The Global Tokenization Market is expected to grow at 24.14% CAGR between 2017-2023, and it is expected to grow at $2341.38 Billion by 2023. The need to keep crucial data safe is the reason behind the growing demand for the tokenization market.

Tokenization Market Tokenization Market


Segment Overview:


The Segmentation of Global Tokenization Market is on the following basis:


By Component



  • Solution

  • Service

  • Managed services

  • Professional services

  • Integration services

  • Consulting

  • Support and maintenance

  • Training and education

  • Others


By Application Area



  • Payment security

  • User authentication

  • Compliance management

  • Others


By Development



  • Outdoor positioning system

  • Indoor positioning system

  • Others


By Organization Size



  • Large enterprises

  • Small and medium-sized enterprises.


By End-User



  • Telecom and IT

  • Retail

  • Industrial

  • Healthcare-

  • BFSI- BFSI is the target of the criminals as it deals with money, and it has a large number of financial transactions that attract the attackers. So, it always looks for an advanced option to provide more security to its products, employees, and offices. So, it is using tokenization technology to provide advanced security.

  • Government and defense- government sectors deal with the daily transaction, and they become the main target of the cyber attackers, so with the use of tokenization, maximum security can be provided to these sectors.

  • Commercial- commercial and many e-commerce sectors have a huge amount of money transaction on a daily basis, so to ensure its safety, many businesses are adapting to tokenization.

  • Automotive

  • Others


By Region



  • Europe

  • North America

  • Asia Pacific

  • Rest of the world


Regional Analysis:


The Global Tokenization Market is a part of studies in many regions such as North America, Asia Pacific, Europe, and other regions in the world. The need for adaption to the new technology in the payment industry to make it safer has boosted the tokenization market in North America. North America is the leading country in the world that has reduced the payment risk with the use of tokenization technology. The Europe region is also showing positive growth in the Global Tokenization Market due to the increasing need for payment security. And other regions such as India, China, and Japan have a good share in the Global Tokenization Market, and they have found this technology cheaper and more secure, and the Tokenization Market Sales are going to grow more in these regions. 


Competitive Landscape Analysis:


The Global Tokenization Market is very competitive with the key players, and the Global Tokenization Market Key Players play a big role in the growth of the Tokenization Business. Some of the Key Players are:



  • Symantec Corporation (US),

  • Gemalto NV (Netherlands), 

  • Fiserv, Inc. (US), 

  • Paymetric, Inc. (US),

  • First Data Corporation (US), 

  • CipherCloud (US),

  • (US), 

  • Futurex (US), 

  • CardConnect Corp. (US), 

  • 3Delta Systems, Inc. (US),

  • Thales e-Security, Inc. (US),

  • CyberSource Corporation (US),

  • Hewlett-Packard Enterprises (US),

  • Liaison Technologies, 

  • TokenEx LLC (US),

  • Protegrity USA, Inc. (US), among others


The Key Players are contributing to the growth of the Tokenization Market, and they are the reason behind the growth of Tokenization Market Sales. Some of the key payers are First Data Corporation (US), CipherCloud (US), Inc. (US), Futurex (US), CardConnect Corp. (US), 3Delta Systems, Inc. (US), Thales e-Security, Inc. (US), CyberSource Corporation (US), Hewlett-Packard Enterprises (US), and among these key players First Data Corporation (US) contribution the most to the market.


Recent Developments:



  • In August 2020, to support the launch of their first independent credit card Federal Bank chose Fiserv.

  • In March 2020, Fiserv acquired Bypass Mobile

  • In July 2020, Bank of Baroda’s got into a partnership with Fiserv for digital transformation.


Report Overview:



  • The market scenario highlights the Global Tokenization Market

  • Covid-19 analysis

  • Market dynamics explanation

  • Regional analysis of Global Tokenization Market

  • Competitive landscape analysis 

  • Recent Developments of the Global Tokenization Market

  • Segmentation overview



Frequently Asked Questions (FAQ) :


The global tokenization market is expected to record a substantial market valuation of up to USD 2341 billion by 2023.

The global tokenization market is projected to register a moderate 24.14% CAGR in the forecast period.

The integration services segment is slated to expand as the fastest-growing segment.

The compliance management segment is slated to expand as the fastest-growing segment.

A few major market players operating in the global tokenization market are TokenEx LLC (US), First Data Corporation (US), Protegrity USA, Inc. (US), and Paymetric, Inc. (US), among others.

Table Of Contents

1 Market Introduction
1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure:

1.3.1 Global Tokenization Market : By Component

1.3.2 Global Tokenization Market : By Application Area

1.3.3 Global Tokenization Market : By Deployments

1.3.4 Global Tokenization Market : By Organization Size

1.3.5 Global Tokenization Market : By End User

1.3.6 Global Tokenization Market : By Region
2 Research Methodology

2.1 Research Component

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

4 Executive Summary

5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.2 Supply Chain Analysis
6 Tokenization Market

6.1 Introduction

6.2 Market Statistics
6.2.1 By Component
6.2.1.1 Solution

6.2.1.2 Service

6.2.1.3 Support And Maintenance

6.2.1.4 Managed Services

6.2.1.5 Consulting

6.2.1.6 Training And Education

6.2.1.7 Integration Services

6.2.1.8 Professional Services

6.2.1.9 Others


6.2.2 By Application Area
6.2.2.1 Payment Security

6.2.2.2. User Authentication

6.2.2.3 Compliance Management

6.2.2.4 Others



6.2.3 By Deployment
6.2.3.1 Indoor Positioning System

6.2.3.2 Outdoor Positioning System
6.2.4 By Organization Size
6.2.4.1. Small And Medium-Sized Enterprises (Smes)

6.2.4.2. Large Enterprises

6.2.5 By End-User

6.2.5.1 Government And Defence

6.2.5.2 Retail

6.2.5.3 Bfsi

6.2.5.4 Education

6.2.5.5 Commercial

6.2.5.6 Healthcare

6.2.5.7 Others


6.2.6 By Region

6.2.6.1 North America

6.2.6.2 Europe

6.2.6.3 Apac

6.2.6.4 Row

7 Company Profiles

7.1 Cybersource Corporation (Us)

7.2 Symantec Corporation (Us)

7.3 Gemalto Nv (Netherlands)

7.4 Cardconnect Corp. (Us)

7.5 Thales E-Security, Inc. (Us)

7.6 3delta Systems, Inc. (Us)

7.7 Ciphercloud (Us)

7.8 Hewlett-Packard Enterprises (Us)

7.9 Liaison Technologies, Inc. (Us)

7.10 Protegrity Usa, Inc. (Us)

7.11 Futurex (Us)

7.12 Fiserv, Inc. (Us)

7.13 Paymetric, Inc. (Us)

7.14 First Data Corporation (Us)

7.15 Tokenex Llc (Us)

7.16 Others

List Of Tables

Table 1 Tokenization Market, By Component

Table 2 Tokenization Market, By Application Area

Table 3 Tokenization Market, By Deployment

Table 4 Tokenization Market, By Organization Size

Table 5 Tokenization Market, By End-User

Table 6 Tokenization Market, By Regions

Table 7 North America Tokenization Market, By Component

Table 8 North America Tokenization Market, By Application Area

Table 9 North America Tokenization Market, By Deployment

Table 10 North America Tokenization Market, By Organization Size

Table 11 North America Tokenization Market, By End User

Table 12 North America Tokenization Market, By Region

Table 13 U.S. Tokenization Market, By Component

Table 14 U.S. Tokenization Market, By Application Area

Table 15 U.S. Tokenization Market, By Deployment

Table 16 U.S. Tokenization Market, By Organization Size

Table 17 U.S. Tokenization Market, By End-User

Table 18 U.S. Tokenization Market, By Region

Table 19 Canada Tokenization Market, By Component

Table 20 Canada Tokenization Market, By Application Area

Table 21 Canada Tokenization Market, By Deployment

Table 22 Canada Tokenization Market, By Organization Size

Table 23 Canada Tokenization Market, By End-User

Table 24 Canada Tokenization Market, By Region

Table 25 Europe Tokenization Market, By Component

Table 26 Europe Tokenization Market, By Application Area

Table 27 Europe Tokenization Market, By Deployment

Table 28 Europe Tokenization Market, By Organization Size

Table 29 Europe Tokenization Market, By End-User

Table 30 Europe Tokenization Market, By Region

Table 31 Germany Tokenization Market, By Component

Table 32 Germany Tokenization Market, By Application Area

Table 33 Germany Tokenization Market, By Deployment

Table 34 Germany Tokenization Market, By Organization Size

Table 35 Germany Tokenization Market, By End-User

Table 36 Germany Tokenization Market, By Region

Table 37 France Tokenization Market, By Component

Table 38 France Tokenization Market, By Application Area

Table 39 France Tokenization Market, By Deployment

Table 40 France Tokenization Market, By Organization Size

Table 41 France Tokenization Market, By End-User

Table 42 France Tokenization Market, By Region

Table 43 U.K. Tokenization Market, By Component

Table 44 U.K. Tokenization Market, By Application Area

Table 45 U.K. Tokenization Market, By Deployment

Table 46 U.K. Tokenization Market, By Organization Size

Table 47 U.K. Tokenization Market, By End-User

Table 48 U.K. Tokenization Market, By Region

Table 49 Rest Of Europe Tokenization Market, By Component

Table 50 Rest Of Europe Tokenization Market, By Application Area

Table 51 Rest Of Europe Tokenization Market, By Deployment

Table 52 Rest Of Europe Tokenization Market, By Organization Size

Table 53 Rest Of Europe Tokenization Market, By End-User

Table 54 Rest Of Europe Tokenization Market, By Region

Table 55 Asia-Pacific Tokenization Market, By Component

Table 56 Asia-Pacific Tokenization Market, By Application Area

Table 57 Asia-Pacific Tokenization Market, By Deployment

Table 58 Asia-Pacific Tokenization Market, By Organization Size

Table 59 Asia-Pacific Tokenization Market, By End-User

Table 60 Asia-Pacific Tokenization Market, By Region

Table 61 Rest Of World Tokenization Market, By Component

Table 62 Rest Of World Tokenization Market, By Application Area

Table 63 Rest Of World Tokenization Market, By Deployment

Table 64 Rest Of World Tokenization Market, By Organization Size

Table 65 Rest Of World Tokenization Market, By End-User

Table 66 Rest Of World Tokenization Market, By Region
List Of Figures

Figure 1 Research Methodology

Figure 2 Tokenization Market: By Component (%)

Figure 3 Tokenization Market: By Application Area (%)

Figure 4 Tokenization Market: By Deployment (%)

Figure 5 Tokenization Market: By Organization Size (%)

Figure 6 Tokenization Market: By End-User (%)

Figure 7 Tokenization Market: By Region (%)

Figure 8 North America Tokenization Market, By Component (%)

Figure 9 North America Tokenization Market, By Application Area (%)

Figure 10 North America Tokenization Market, By Deployment (%)

Figure 11 North America Tokenization Market, By Organization Size (%)

Figure 12 North America Tokenization Market, By End-User (%)

Figure 13 North America Tokenization Market, By Region (%)

Figure 14 Europe Tokenization Market, By Component (%)

Figure 15 Europe Tokenization Market, By Application Area (%)

Figure 16 Europe Tokenization Market, By Deployment (%)

Figure 17 Europe Tokenization Market, By Organization Size (%)

Figure 18 Europe Tokenization Market, By End-User (%)

Figure 19 Europe Tokenization Market, By Region (%)

Figure 20 Asia-Pacific Tokenization Market, By Component (%)

Figure 21 Asia-Pacific Tokenization Market, By Application Area (%)

Figure 22 Asia-Pacific Tokenization Market, By Serives (%)

Figure 23 Asia-Pacific Tokenization Market, By Organization Size (%)

Figure 24 Asia-Pacific Tokenization Market, By End-User (%)

Figure 25 Asia-Pacific Tokenization Market, By Region (%)

Figure 26 Row Tokenization Market, By Component (%)

Figure 27 Row Tokenization Market, By Application Area (%)

Figure 28 Row Tokenization Market, By Deployment (%)

Figure 29 Row Tokenization Market, By Organization Size (%)

Figure 30 Row Tokenization Market, By End-User (%)

Figure 31 Row Tokenization Market, By Region (%)